Examlex
After the recent merger of ABC and XYZ Airlines,the former CFO of XYZ Airlines,John,lost his employment in the newly merged airline.Which executive compensation agreement is customary in such circumstances?
Vault Cash
Physical currency held by banks within their vaults, used to meet customer withdrawals and other cash needs.
Primary Reserve
It is the part of a country's reservable deposits held in cash or in deposits with the central bank, used to manage liquidity and fulfill regulatory requirements.
Secondary Reserve
Secondary Reserve includes assets that are not as liquid as primary reserves but can still be quickly converted into cash.
Board of Governors
The leading body of a federal reserve system, overseeing the policy direction and regulatory functions of the central bank.
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